Competitiveness, Market and Economy

A competitive automotive industry is a vital strategic component of a robust European economy.

The auto sector is ready to meet the challenges it is facing in Europe today, and to support the EU on its ‘mission growth’ of boosting industry’s share of GDP to 20% by 2020. But in order to be able to adapt to changing demands, now more than ever it needs a supportive industrial policy.

The automotive market itself involves much more than manufacturing, it also includes the sales, logistics and aftermarket phases, which also need an appropriate framework in which to operate, including the right taxation policies.